UAE stocks mixed; Dubai rebounds as oil ticks up, Fed rate path in focus
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UAE stocks showed mixed performance on Friday, with Dubai's index rising 0.6% due to steady oil prices and U.S. economic data, while Abu Dhabi's index fell 0.3%. Dubai Electricity and Water Authority awarded a contract to improve water transmission, boosting its stock. U.S. inflation data and jobless claims influenced market expectations of a dovish Fed move. Abu Dhabi's decline was led by losses in Aldar Properties and Abu Dhabi Commercial Bank, despite ADNOC's green financing facility.
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